This is exactly the biggest uncertainty I’ve been emphasizing: the US stock market! At 7:00 AM this morning, the Nasdaq index opened with a slight drop of 1%, while BTC plunged 4%. Who can handle this? It’s already close to a 50% drop from the relatively high point… If the US stock index drops another 10%, it’s totally normal for BTC to fall below $50K. The US stock market has been consolidating at a high level for a long time without breaking through, looking a bit precarious. At this stage, I don’t dare to go long or short, so I can only keep waiting—for a high cost-performance entry point. Once the third wave of decline comes, this cycle of drops will be complete!